All Forum Posts by: Jonathan Scialpi

@Drew Sygit Thank you so much for this insightful information. The table with stats from rental payments showed some decent numbers considering the situation at hand. Should be interesting to see how these numbers change after June 12.

Thanks @Mark H. Porter. Is there a specific forum for these posts or a tag I can follow? It would be helpful if you could send me a couple of links.

I am an investor who focuses on multi-family residential properties in Grand Rapids, MI. I am considering to move forward with another investment in Detroit, Grand Rapids, or even North Carolina (open to suggestions within NC). My partners however are concerned with Covid-19's affects on:

Supply/Inventory- Are more people selling because they are facing economic hardships? As a result have you noticed a down trend since January in price or do you expect a down trend in price later on in the year due to an increase in supply?

Unemployment- Although a good amount of unemployment is associated with furlough from Covid-19, it still a remains a concern for rental property investors like myself that a lot have also completely lost their jobs. If people can't pay rent, how can you make money/afford a loan assuming you don't pay cash? How do you cope with this concern?

Demand- This is a topic that I always considered to become more relevant in the long term but Covid-19 has proved to many companies that expensive office buildings on the East/West coasts are not as necessary as they once were and are moving more to full-time working from home. This enables employees to move to more affordable places while maintaining their current job. As a result we might see more demand on in-land properties and therefore driving property value up.

Therefore, the goal of this post is to get a pulse on the market or at least that of my fellow real estate enthusiasts on BiggerPockets.com. General outlooks on the real estate market would be interesting of course, but I'd also like to hear something more focused on Michigan/North Carolina. Also if you are an agent that can help me better understand the NC market or have some inventory that you think I might be interesting in, feel free to message me and we can setup some time to discuss.

Thanks in advance.

Buy second multifamily!
Happy New Year BiggerPockets Family :)

Hi San Antonio investors!

I am seeking a referral for a real estate agent in the San Antonio part of Texas. More specifically a trust worthy agent who deals with 2-4 family properties.

Thanks in advance!

Thanks @Dave 

@Dave Visaya!

Thank you @John Hazeltine and @Shawn Jacobs ! I will definetly reach out after I get some more research done as @Anton Ivanov wisely suggested.

Hello Turnkey Investors!

I am new investor living out of Queens, NY. Being that the barrier for entry is quite steep in NYC, I did some research on great cities for investments and Grand Rapids hit the top of the list. I was hoping for some general advice on Turnkey investing and some recommendations for legit Turnkey companies.

Thanks in advance!

Hi All !

I am a new investor living in Queens, NY and just finished reading through Chapter 6 which spoke directly to me. It's hard to find something affordable to invest in as the barrier to entry in NYC is quite large. Therefore, I am stuck looking in higher crime areas like Jamaica, Queens. I am not sure if that is a good idea, but I know that area is usually in demand for rents and the crime rate makes homes more affordable. My other choices are to buy a turnkey out of state (which I find very interesting but scary at the same time since I don't know many people out of state) or to just keep saving until me and my serious girlfriend are ready to settle down into a house hack.

What I would love to do is buy a one a family out of state for around 100K so that I can get started in real estate and also not have to put a huge down payment so that I still have the capital to do a house hack in the future. I am looking for any advice, referrals, and info on how to get started in buying out of state/building a team as I feel that it might be difficult to trust many people as well as secure rental payments from hundreds of miles away (even with a property management company).

Also, if I buy an investment property, would I still be able to qualify for an FHA loan for me and my girlfriend for our future house hack?